Relevant and even prescient commentary on news, politics and the economy.

Weekly Indicators for May 9 – 13 at Seeking Alpha

Weekly Indicators for May 9 – 13 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. One measure of how the Russia-Ukraine war has been “normalized” globally, is that industrial commodity prices have declined sharply – on the order of 25% – in the past two weeks, taking back […]

Not the Proud Ones or the Oathers this time

Amazing Republicans are trying to skew the peaceful (so far) protests of pro-choice consisting mostly of women as being violent. Not that they never get angry . . . they can and will. They are not happy with SCOTUS and are making it known peacefully. Cruz and others are trying to make this into something […]

With the Fed already having begun to “stomp on the brakes,” inflation is still running very hot

With the Fed already having begun to “stomp on the brakes,” inflation is still running very hot As promised, here is my second post on the April CPI number. The YoY advance in consumer prices, +8.3%, is down from last month’s 8.6%, which was the highest 12 month rate since 1981. As I suggested last […]

Medicaid Estate Recovery imposed on Medicaid enrollees

  Andrew writes on healthcare, mostly the PPACA plan and the various metal plans, and the latest gig (ARPA) resulting in lower costs for anyone under 250% FPL and lower costs for anyone higher than 400% FPL. All made possible due to Biden and Democrat’s American Rescue Plan Act of 2021. It will expire EOY 2022 […]

Real wages unchanged, real aggregate payrolls rose slightly in April

Real wages unchanged, real aggregate payrolls rose slightly in April Consumer inflation for April was +0.3%, the lowest monthly advance since last August. The number was helped by a big decline in energy prices, down -2.7% for the month, and also by used cars, down -0.4% for the month. In this post I’ll report on […]

This is as Explosive as Anything I have Read, “No Books. No Money. Just the Truth.”

Steve Schmidt has created his own Substack to tell his story. It is about lying, lying in politics, lying as a politician, and his lying. It is one hell of an interesting read, I only put part of this up. You can see the rest “here” or clicking on part of the title. Steve Schmidt’s […]

Strong demand for loans, but accommodation ends

Q1 Senior Loan Officer Survey: strong demand for loans, but accommodation ends The Senior Loan Officer Survey for Q1 was published yesterday (May 10), generally covering the supply of, and demand for, bank credit. It has two components that qualify as long leading indicators for the economy, as they have typically turned about one year […]

Progressives made the perfect the enemy of the good.  Now poor children are going to bed hungry.

It’s hard to know why things shake out in Congress the way they do.  Why hasn’t there been agreement on a climate bill?  Why hasn’t a compromise been reached on a child tax credit?  Why not better preparation for the next pandemic, or even for the next wave of this pandemic?  From the outside it’s […]